(Bloomberg) -- Oil extended declines as a soft outlook for demand in China, the world’s largest crude importer, continued to plague the market.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationWest Texas Intermediate retreated 3.3% to settle near $68 a barrel, while Brent settled
Oil falls on Chinese stimulus disappointment, supply outlook
HOUSTON (Reuters) -Oil prices fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer, while supply looked set to rise in 2025. Donald Trump's U.S. election victory may continue to affect the market, said Phil Flynn, senior analyst for the Price Futures Group. "The election with Trump's promise to 'drill, baby, drill' has taken away some incentive to go long," Flynn said.
MicroStrategy’s $2 Billion Bitcoin Buy Is Largest Since 2020
(Bloomberg) -- MicroStrategy Inc. bought about 27,200 Bitcoin for around $2.03 billion, the largest purchase by the crypto hedge-fund proxy since just after it began acquiring the digital-asset more than four years ago. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe enterpr
Equities Mixed Intraday as Markets Await This Week's Inflation Data
Equities Mixed Intraday as Markets Await This Week's Inflation Data
Jerome Powell was prepared to fight for his job in court when Trump mulled firing the Fed chief in 2018, report says
Trump weighed ousting Powell in 2018, but the Fed chief told then-Treasury Secretary Steven Mnuchin that he would fight his removal, according to the Wall Street Journal.
Bitcoin at record. Stock movers: Coinbase, Tesla, Cigna, Humana
Here are the stocks making the biggest market moves midday.
Trump’s tariffs: Not your grandpa’s economic disaster
While imposing tariffs in the past has done damage to the U.S. economy, today’s incoming tariffs are likely to have a different outcome for a multitude of reasons. The post Trump’s tariffs: Not your grandpa’s economic disaster appeared first on FreightWaves.
Bitcoin brushes $85,000 in new all-time high
The current bull run was triggered by Trump’s decisive victory last week, which ushers in a new era of pro-crypto policies.